The mechanics of price adjustment: new e
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Rajesh Chakrabarti; Barry Scholnick
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Article
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2007
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John Wiley and Sons
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English
β 189 KB
## Abstract This paper examines nominal price rigidities in an environment, eβcommerce, where literal menu costs can be assumed not to exist. We argue that if we can empirically show that nominal rigidities do still exist in the eβcommerce environment, then it implies that other kinds of costs besi